There’s been yet another block on the Solana price progression, as the token has experienced rejection at a key resistance level. The SOL token couldn’t cross its resistance at $135 last week, and even with some progress in the past few days, experts have given their opinion on what to expect from Solana in the near future.
But clearly, there’s more action elsewhere in the crypto market, as the DeFi sector is churning out yet another blockbuster project. Remittix is doing the numbers already and traders can’t wait for the token to go live already.
Solana may be waiting on the bull run for a spike, but the RTX tokens continue to spike.
Solana ETFs News Can’t Keep the SOL Price Up?
The Solana project celebrated its sixth year anniversary last week, and coincidentally, the network traffic was getting revived. There was a lull, however, following a poorly aimed marketing campaign, but the Solana price and network activity bounced back soon enough.
Why? That was because of updates on the status of the Solana ETFs, as it concerns approval. The SEC received a new petition from Franklin Templeton to trade Solana spot ETFs on the Cboe BZX Exchange and sentiments around the Solana price got even more positive.
By then, traders expected the Solana price to be in recovery already with a clear path to $180. The token does seem to be making a recovery after a bearish spell, as SOL trades at $143, raking up 12.87% profits in the past seven days.
What’s Next For The Solana Price?
The Solana token seems to be in and out of the bullish zones, as the hype around its ETFs seem to have died down considerably. With little driving it in terms of social hype, Solana is left to depend on the momentum of the crypto market.
All the development leaves traders in doubt of the future of the Solana price. Some even question the effects of ETFs on the Solana token, although launching a Solana spot ETF now will send the token’s value over the $200 mark.
For now, analysts state that the Solana metrics are one to watch. There are some positives, like the inclusion of Solana in the national reserves and the expected ETFs. But for now, the token has no market-moving development in the news, so a Solana rally is still in the hands of the whales.
Remittix (RTX), on the other hand, is keeping traders and investors hooked with its features. And the potential of the RTX project doesn’t lie, use cases like that only come with increased traffic and demand.
Why Everyone Wants Remittix
Remittix has been the hottest token in the crypto-verse in the past two months, and its presale is evidence of how invested traders are in the project. With almost $14 million realized in revenue, the RTX tokens are clearly selling out fast.
But why Remittix? There’s the presale profits, of course, but with DeFi coins, it goes beyond that. Such projects have plans to remain relevant in the crypto-verse in the long run and Remittix’s plans for longevity are solid.
The platform unites fiat and crypto transactions, ensuring a seamless portal from crypto wallets to fiat bank accounts. In other words, users will be able to make withdrawals directly from their crypto wallets into fiat bank accounts from supported banks. That way, no one has to worry about intermediates like exchanges or the several charges and fees to be paid.
With crypto tokens gradually becoming a payment option on many online e-commerce stores, Remittix introduces its Remittix Pay feature for merchants to receive crypto payments. The Remittix Pay feature is essentially a wallet address that receives crypto tokens, with an embedded smart contract that resolves the crypto payments into a provided fiat bank account after a preset time.
Remittix is already a hot shot in the crypto market, but it’s going massive after it launches. Now, that’s why the traders and investors are all over the project.
Remittix: The Best Crypto Investment Now
Each RTX coin goes for $0.0734 in the ongoing presale, but there’s a catch. The price only ever increases, so investing now is the best way to gain maximum presale profits.
Then again, the big spike is set to come after the RTX tokens go live. Hold your RTX tokens till after launch for the token rally!
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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Editor-in-Chief of CoinCentral and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@coincentral.com
